William Blair Reaffirms “Outperform” Rating for Klaviyo (NYSE:KVYO)

Klaviyo (NYSE:KVYO)‘s stock had its “outperform” rating restated by William Blair in a report issued on Thursday,RTT News reports.

Other equities research analysts have also recently issued research reports about the stock. Needham & Company LLC increased their price target on shares of Klaviyo from $46.00 to $56.00 and gave the company a “buy” rating in a report on Thursday. Cantor Fitzgerald boosted their price target on Klaviyo from $47.00 to $54.00 and gave the company an “overweight” rating in a research note on Thursday. Robert W. Baird upped their price objective on Klaviyo from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Thursday. Wells Fargo & Company lowered their price objective on Klaviyo from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Loop Capital upped their target price on shares of Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.44.

Klaviyo Price Performance

Shares of Klaviyo stock opened at $41.79 on Thursday. Klaviyo has a 1 year low of $21.26 and a 1 year high of $49.55. The company has a 50-day moving average of $43.72 and a 200 day moving average of $37.92. The firm has a market cap of $11.27 billion, a price-to-earnings ratio of -232.14 and a beta of 0.60.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.90%. The company had revenue of $270.16 million for the quarter, compared to the consensus estimate of $257.24 million. On average, equities analysts anticipate that Klaviyo will post 0.04 EPS for the current year.

Insider Buying and Selling at Klaviyo

In other Klaviyo news, insider Landon Edmond sold 40,000 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $41.80, for a total value of $1,672,000.00. Following the completion of the sale, the insider now directly owns 298,607 shares in the company, valued at approximately $12,481,772.60. This represents a 11.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Amanda Whalen sold 23,950 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $40.04, for a total value of $958,958.00. Following the transaction, the chief financial officer now owns 395,616 shares in the company, valued at approximately $15,840,464.64. This represents a 5.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 114,536 shares of company stock valued at $4,720,953 in the last three months. Company insiders own 53.24% of the company’s stock.

Institutional Investors Weigh In On Klaviyo

Several hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Klaviyo by 76.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,178 shares of the company’s stock valued at $4,338,000 after buying an additional 45,523 shares during the period. Voloridge Investment Management LLC increased its holdings in shares of Klaviyo by 15.7% in the 4th quarter. Voloridge Investment Management LLC now owns 922,832 shares of the company’s stock valued at $38,058,000 after acquiring an additional 125,352 shares during the period. Washington Harbour Partners LP bought a new position in shares of Klaviyo in the 4th quarter worth $1,794,000. Whale Rock Capital Management LLC lifted its stake in shares of Klaviyo by 7.4% during the 4th quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company’s stock worth $159,535,000 after purchasing an additional 267,845 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Klaviyo during the fourth quarter valued at about $2,099,000. Hedge funds and other institutional investors own 45.43% of the company’s stock.

Klaviyo Company Profile

Klaviyo, Inc, a technology company, provides a software-as-a-service platform in the United States, other Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers Klaviyo, a cloud-native platform for data store, segmentation engine, campaigns and flows, and messaging infrastructure.